100% Renewables Could Be Closer Than We Think

This article was originally published on RenewEconomy (image added) . Solar panel, wind turbine & globe via Shutterstock The stunning set of data, cost profiles and market analysis produced in the first few weeks of calendar 2013 have confirmed what many had long suspected – that the global energy markets are changing faster than anyone had thought possible. The implications for the incumbent energy industry – be they generators, network operators or retailers – couldn’t be more significant. The business models that supported the ageing infrastructure are broken, and if they can’t adapt to the new environment, they may soon be out of business. The idea of a rapid change to a largely renewable energy grid no longer seems aspirational, it could be inevitable. Consider what we have learned this month: - The price of wind energy (and in some isolated cases solar PV), is alread...